Gen Wealth Partners Inc Increases Position in Comcast Co. (NASDAQ:CMCSA)

Gen Wealth Partners Inc increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,477 shares of the cable giant’s stock after purchasing an additional 2,793 shares during the quarter. Gen Wealth Partners Inc’s holdings in Comcast were worth $768,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Integrated Investment Consultants LLC lifted its position in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after buying an additional 291 shares during the period. Five Oceans Advisors grew its holdings in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after acquiring an additional 298 shares during the last quarter. Kovack Advisors Inc. increased its holdings in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. Beck Mack & Oliver LLC increased its stake in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after buying an additional 300 shares during the period. Finally, Avitas Wealth Management LLC raised its holdings in Comcast by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant’s stock worth $2,195,000 after purchasing an additional 328 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities restated a “neutral” rating and set a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.10.

Comcast Trading Up 0.1 %

CMCSA opened at $34.25 on Friday. The company has a 50-day simple moving average of $35.01 and a 200 day simple moving average of $37.56. The stock has a market capitalization of $127.88 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. Comcast’s revenue was down .6% on a year-over-year basis. Analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.